The article centers on Blackstone's proposed $7 billion investment in Rogers Communications' wireless network. It argues that the Canadian government should condition approval on Blackstone CEO Stephen Schwarzman publicly distancing himself from Donald Trump's anti-Canada rhetoric and policies. The author suggests that Schwarzman's prior endorsement of Trump and donations to his campaign raise concerns about potential influence on the decision.
The article highlights concerns about Trump's trade war, threats to Canadian sovereignty, and potential annexation ambitions. It suggests that these policies pose a risk to Canadian national interests and that Schwarzman's silence on these issues raises questions about his commitment to Canada.
The article emphasizes the need for Schwarzman to publicly denounce Trump's actions to demonstrate his support for Canada's sovereignty and economic interests. It suggests that this would be crucial in ensuring approval for Blackstone's investment.
The article explores two possible scenarios: either Schwarzman opposes Trump, leading to approval, or he fails to do so, leading to denial of the investment and the search for alternative partners for Rogers.
A statement from a Blackstone spokesperson expressing Schwarzman's respect for Canadian sovereignty and his role in the USMCA agreement is included. However, the article argues this is insufficient.
The article concludes by emphasizing that the Canadian government should leverage the investment review process to pressure Schwarzman into taking a public stance against Trump's harmful policies towards Canada.